Joe Biden has outlined a range of policy proposals that will address racial inequalities and discrimination. The economic plans include a $150 billion capital investment programme that will focus on small businesses and business-owners that have been excluded previously. Biden will also expand the New Markets Tax Credit to $5 billion a year and will make it permanent; this would provide tax incentives to invest in disadvantaged communities.
Biden also plans to introduce a new First Down Payment Tax Credit which will help lower income families own a home and will build 1.5 million homes to address the affordable housing crisis. He also wants to make public colleges and universities free for students from families with incomes below $125,000 - this will benefit 91% of Black households, 88% of Latino households and 91% of Native American households.
Biden will also raise the federal minimum wage to $15 an hour and will eliminate the minimum tipped wage, which will benefit people of colour who make up the majority of those earning under $15 an hour.
Biden also plans immigration and criminal justice reform. He will offer approximately 11 million people in the US illegally a path to citizenship and will take in more refugees.
He has also called for an end to cash bail, the death penalty and private prisons. Biden supports the decriminalisation of marijuana, a move which would disproportionately benefit communities of colour, who are more likely to be arrested for possession.
Under Biden, the Justice Department would prioritise hate crimes, which have increased in frequency under Trump
and the Federal Reserve would monitor and report on economic inequality data.
These policies would significantly improve the social and economic status of minority groups in America, and would empower groups targeted and marginalised during Trump’s presidency. They address some root causes of racial tension, and would help to heal race relations.